As AI joins the workforce, who gives it authority?
The first generation of enterprise generative AI largely answered questions, summarised documents and produced content. A human usually remained responsible...
Opinion
Emarat, Dell Technologies sign AI adoption agreement
Emirates Petroleum Company P.J.S.C. (Emarat) has signed a memorandum of understanding with Dell Technologies to accelerate artificial intelligence adoption and...
Business
Business
Saudi Arabia’s residential market weakens in Q1 despite price gains
The slowdown was most pronounced in Riyadh, where transaction volumes and values dropped 82% from a year earlier. Activity also...
- Residential transaction volumes fell 50% year-on-year to 29,490 deals during the quarter, while the value of transactions declined 57% to SAR22 billion ($5.9 billion).
- Riyadh Grade A office occupancy held at 97%, supported by limited supply of high-quality workspace.
Business
Etihad enters largest summer season with more than 300 daily flights
Dubai, UAE -- Etihad Airways is entering its largest summer season on record, operating more than 300 flights a day...
- Airline launched four new destinations in four days and is restoring five seasonal routes across Europe and Africa.
- Fleet has expanded by 23 aircraft year-on-year, supporting near-record passenger loads approaching 90% occupancy levels.
Business
Dubai to award $15bn of Al Maktoum Airport projects by end-2026
Dubai, UAE -- Dubai plans to award strategic contracts worth more than AED55 billion ($15 billion) for the expansion of...
- Contracts worth AED13 billion are under execution, with more than 10 million work hours completed over 15 months.
- Dubai plans to award projects exceeding AED55 billion, including terminals, concourses, transport systems and infrastructure works.
Business
Forbes lists Emirates Auction CEO among top CMOs
Dubai, UAE -- Omar Matar Al Mannaei, chief executive officer and chief marketing officer of Emirates Auction, has been named...
- AI-powered customer acquisition engine launched in 2025 increased new customer growth by 38%, strengthening Emirates Auction’s market reach.
- Unified analytics and personalization platforms helped lift retention by 14% and brand awareness by 20%, company said.
Business
China’s LNG ambitions take shape
The 344-meters-long QC-Max vessel, being built by Hudong-Zhonghua Shipbuilding, is designed for a major Qatari LNG expansion project.
- It will carry substantially more cargo than conventional LNG carriers while reducing losses during transport.
- Compared with standard 174,000-cubic-metre LNG carriers, the new design offers around 57% more cargo capacity.
Business
Gold heads for weekly loss as Wall Street gains on easing Iran tensions
Dubai, UAE -- Gold prices fell on Friday and were headed for a weekly loss, while major U.S. stock indexes...
- Dow, S&P 500 and Nasdaq rose after President Donald Trump withdrew threats of military action against Iran.
- Palladium gained about 5% this week, outperforming other precious metals despite broader weakness across the sector.
Business
AI success in life sciences depends on people as much as technology: Bain
Organizations creating the most value from AI are not necessarily those deploying the most technology. Instead, they are redesigning workflows,...
- Organizations achieving the strongest AI outcomes prioritize a handful of enterprise-wide initiatives rather than dispersing resources across numerous experiments.
- Workforce adoption remains the biggest challenge, prompting successful companies to invest heavily in change management, skills development and leadership engagement.
Business
Dubai Islamic Bank prices $1 billion AT1 sukuk after strong demand
Dubai, UAE -- Dubai Islamic Bank (DIB) has priced a $1 billion Additional Tier 1 (AT1) perpetual sukuk after attracting...
- Orders topped $2.3 billion from more than 85 institutional investors across the Middle East, Europe and Asia.
- The perpetual sukuk qualifies as Additional Tier 1 capital and will be listed on Nasdaq Dubai and Euronext Dublin.
Business
Samsung biggest chip investor
The tech giant invested nearly $59.2bn in 2025.
- Global semiconductor sales exceeded $620 billion in 2024 and are expected to approach $700 billion in 2025.
- East Asia remains the center of global chip manufacturing, with South Korea, Taiwan, Japan and China accounting for much of the world's semiconductor production capacity.
Business
flynas to set up new hub
Five destinations in first phase of operations.
- Initial routes will connect Al-Qassim with Istanbul, Trabzon, Cairo, Abha and Dammam.
- The move makes flynas the first Saudi airline to operate from six hubs across the Kingdom.
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As AI joins the workforce, who gives it authority?
The first generation of enterprise generative AI largely answered questions, summarised documents and produced content. A human usually remained responsible...
Opinion
Company News
2PointZero reports strong H1
Business
Borouge profit climbs 23%
Business
Latest News
TECOM profit up 9%
Business
DAE H1 profit $229m
Business
GCC lenders should reassess credit risks continuously
Today's environment calls for continuous reassessment rather than periodic review. Institutions need to challenge assumptions, stress-test portfolios against multiple scenarios,...
Analysis
Emirates NBD to acquire retail banking business of HSBC Egypt
Dubai, UAE -- Emirates NBD Egypt S.A.E., a 100 percent owned subsidiary of Emirates NBD Bank has entered into definitive...
Business
Aldar records $408 million sales from Yas Point residential launch
Dubai, UAE -- Aldar said it generated AED1.5 billion ($408 million) in sales from the launch of The Canopies, the...
Business
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Business
2PointZero reports strong H1
Expansion drives earnings, revenue growth.
- Group completed TAQA stake sale and acquired Traverse Midstream Partners, expanding North American energy infrastructure footprint.
- Investments in Tendam, ISEM Packaging and WHOOP supported growth as shares gained wider market visibility through ADX derivatives listing.
Business
Borouge profit climbs 23%
Prices, recovery boost quarterly earnings
- Borouge restored full production availability ahead of schedule after April Ruwais incident, maintaining customer deliveries through alternative logistics routes.
- Company maintained annual dividend intention as Borouge 4 expansion and Borouge International integration advanced despite regional disruptions.
e& posts 11.6% revenue growth
The H1 net profit hits $1.63 billion.
- Earnings before interest, tax, depreciation and amortisation (EBITDA) reached AED17.7 billion, up 13.1 percent year-on-year.
- The Group also completed the sale of 12.5 percent of its 50.03 percent stake in Careem Technologies to Uber for a total consideration of AED367 million.